factual

Where can I find the specific provisions of the Exit franchise agreement mentioned in Item 17?

Exit Franchise · 2025 FDD

Answer from 2025 FDD Document

This table lists important provisions of the franchise and related agreements. You should read these provisions in the agreements attached to this Disclosure Document.

Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 27–31)

What This Means (2025 FDD)

According to Exit's 2025 Franchise Disclosure Document, Item 17 provides a table that summarizes important provisions of the franchise and related agreements. The FDD explicitly states that prospective franchisees should read these provisions in the agreements attached to the Disclosure Document. This means the full legal terms governing renewal, termination, transfer, and dispute resolution are found within the franchise agreement itself, which is included as an exhibit to the FDD.

Item 17 includes a table outlining key aspects of these provisions, along with references to specific sections within the franchise agreement where these topics are discussed in detail. For example, the table indicates where the FDD defines 'cause' for termination, franchisee obligations upon termination or non-renewal, conditions for Exit's approval of a transfer, and terms related to non-competition covenants. The table also specifies which sections of the agreement cover topics like dispute resolution, choice of forum, and choice of law.

It is important to note that Item 17 also mentions that certain state statutes may supersede the agreements in the relationship with Exit, particularly concerning termination, renewal, venue for disputes, and governing law. The FDD lists several states with such statutes. Therefore, prospective franchisees should carefully review both the franchise agreement and any applicable state laws to fully understand their rights and obligations.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.